If you own municipal bonds, you probably winced when you opened your September statement.
The Bloomberg Municipal Bond Index lost 4.36% last month, its worst month since September 2008, at the height of the financial crisis. Going back to 1990, only two months were worse, and both were in 2008. The selling peaked on September 28, when more than 117,000 muni trades were reported in a single day. That was the most since at least 1995.[1]
U.S. Global Investors
Author: Frank Holmes
Date Posted: October 21, 2026